Yesterday, I received this email from a Raymond James financial advisor: “Now that some time has passed since the false Dow Theory Sell signal in December – and I agreed with your call to ignore based on Washington issues, hedge fund liquidations, etc. – I’m not sure what levels
“I have a number of friends who succeeded as investors in the late 1960’s, and they are succeeding now. The key to their success more than 20 years ago was that they managed to get out with most of their capital when the market turned down. Most investors were not so astute. The
The call for this week: I spoke at a number of events last week, and I found that the individual investors are not just cautious, they are scared. The two most voiced concerns are that this is just a rally in a bear market and the stock market has rallied too far too fast. Coincidenta
“You’ve mentioned several times in the past that a bull market typically has three legs. ” . . . Recent email correspondent So, yesterday I received this email: “You’ve mentioned several times in the past that a bull market typically has three legs. The first leg of the la
The call for this week: Despite the overbought condition, my work suggests the equity markets can trade higher into the mid-February energy peak often referenced in these reports. Despite that outlook, I do not trust the overbought condition the equity markets have currently worked th
A few days ago, we received this missive from our pal Leon Tuey: “As mentioned, mathematically, the Advance-Decline Line is simply the cumulative differential of advances and declines. Because of the way it’s calculated, it’s more reflective of the market’s health than any marke
“ARK believes that it is discounting the early stages of a deflationary boom, the likes of which has not been seen since the turn of the nineteenth century.” . . . Catherine Wood, CIO and CEO, ARK Investment Management I met Catherine Wood when she was a portfolio manager working at A
According to PenUltimate Editorial Services: “Editors make mistakes? What? How dare I go on record to state such a thing! Right off, let’s get one thing clear: editorial errors are inevitable. If that surprises you, it shouldn’t—we’re only human, after all (I know that’s hard to
The famous baseball player Roberto Clemente once exclaimed, “Outside, inside, ankle high, at the head – it didn’t matter. It’s not a bad ball if I can hit it.” Similarly, over the past few weeks it didn’t seem to matter if it was good news or bad news, the stocks could “hit it,” as mo
